Venture Global, Inc. (NYSE:VG) Receives Consensus Rating of “Moderate Buy” from Analysts

Venture Global, Inc. (NYSE:VG) has been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.3125.

A number of research firms recently weighed in on VG. Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. New Street Research set a $15.00 price objective on Venture Global in a research report on Tuesday, March 3rd. Scotiabank increased their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Bank of America increased their price objective on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group set a $18.00 target price on Venture Global in a report on Thursday, May 14th.

Insider Activity at Venture Global

In other news, CAO Sarah Blake sold 200,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $16.00, for a total transaction of $3,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of Venture Global stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $16.08, for a total value of $41,986,664.88. The SEC filing for this sale provides additional information. Insiders sold 8,000,923 shares of company stock valued at $113,781,388 over the last ninety days. Insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global in the second quarter worth approximately $26,000. MAI Capital Management acquired a new stake in Venture Global in the third quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after acquiring an additional 3,500 shares during the period. Harbour Investments Inc. acquired a new stake in Venture Global in the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. grew its stake in Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after acquiring an additional 3,031 shares during the period.

Venture Global Trading Up 0.1%

NYSE VG opened at $12.81 on Monday. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.58 and a beta of 0.27. The stock’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $10.54. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. Venture Global has a 52 week low of $5.72 and a 52 week high of $19.50.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business had revenue of $4.60 billion for the quarter. The business’s revenue was up 58.9% on a year-over-year basis. As a group, analysts anticipate that Venture Global will post 1.41 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Venture Global’s dividend payout ratio (DPR) is 7.78%.

About Venture Global

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.